An Extended Study Of The Effects Of The 2008 Global Economic Crisis On Turkish Economy And Her International Relations

DOI: 10.5176/978-981-08-8957-9_QQE-005

Authors: Dr. Özlen Hiç BİROL

Abstract:

This study investigates the effects of the September 2008 global financial crisis and global recession on the Turkish economy and the following developments. Turkey was praised for having recovered swiftly from the global economic crisis without aid from the IMF. Only more recently, by about March 2011, at the time of writing this study, some doubts are being raised by sundry representatives of international financial circles as well as rating organizations about the danger of continuously increasing current account deficit. A study of Turkey’s economy against the background of the September 2008 global economic crisis should, therefore, provide an interesting case study.